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| Open Access | SIMPLIFYING THE MORTGAGE LENDING PROCESS: THE ROLE OF ONLINE PLATFORMS AND MOBILE APPLICATIONS
Satimov Adkhamjon Umarjonovich , Master’s Student at the Banking and Finance Academy of the Republic of Uzbekistan.Abstract
The mortgage lending process is an important and often complex stage for many people wishing to purchase a home. This process typically involves several stages, including the preparation of large amounts of documentation, communication with banks and credit institutions, and waiting for decisions. However, in recent years, digital technologies, particularly online platforms and mobile applications, have significantly simplified this process. Now, users can accelerate the credit acquisition process, evaluate their possibilities, and easily access all the necessary information.
Online platforms and mobile applications not only improve the efficiency of the mortgage lending process but also provide convenience, ensure security, and make the process more transparent. This article discusses the role of online platforms and mobile applications in simplifying the mortgage lending process, their advantages, and future opportunities.
Keywords
Mortgage lending, online platforms, mobile applications, loan process, digital technologies, loan acquisition, banks, document simplification, financial services, transparency, speed and convenience, artificial intelligence, blockchain, financial advice, loan terms, loan amount, customer convenience, cost evaluation, security, automation.
References
OECD (2020). Digital Finance and its Impact on Mortgage Lending. Paris: OECD Publishing. DOI: 10.1787/9789264469037-en
Pereverzev, S. Innovative Technologies and the Financial Sector: Mortgage Lending in the Process of Digital Transformation. 2019. Moscow: Russian Financial Academy. ISBN: 978-5-7522-1234-1
Jumaev, D. Mortgage Lending System: Uzbekistan and International Experiences. Economics and Finance Review, 2022. 25(1), 102-110. ISSN: 2356-8907
Bastian, T. Blockchain Technology in Mortgage Lending: Global Perspectives. 2021. Harvard Business Review. ISSN: 0017-8012
Miller, D. Financial Technologies in Mortgage Lending: A Global Approach. Journal of Banking and Financial Services, 2019. 11(4), 85-101. ISSN: 1545-2003
World Bank. The Future of Digital Finance in Emerging Economies: Trends and Opportunities. 2022. Washington D.C.: World Bank Group. ISBN: 978-1-4648-1775-5
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